Posts Tagged ‘costs of Federal Reserve QE’

How will the history books treat Ben Bernanke? Well, only time will tell.

Supporters will tout his integral role in saving the system.

Those who look less kindly on the Fed chair will denigrate him for: 1) his participatory role in allowing Wall Street to bring our economy to its knees, and 2) providing excess liquidity for the well positioned to take advantage of a newly defined rent-seeking economy while the rank and file American public struggle to keep their head above water.

Perhaps he is deserving of both a measure of praise and derision, but let’s take a harder look at what he really accomplished — or not — depending on how you might view things. (more…)